Jefferies Group Analysts Give Superior Energy Services (SPN) a $10.00 Price Target

Superior Energy Services (NYSE:SPN) has been given a $10.00 price objective by stock analysts at Jefferies Group in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the oil and gas company’s stock. Jefferies Group’s target price would suggest a potential downside of 5.57% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Co lowered shares of Superior Energy Services from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Superior Energy Services in a report on Tuesday, September 26th. Royal Bank of Canada set a $12.00 target price on shares of Superior Energy Services and gave the company a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group cut their price target on shares of Superior Energy Services from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Wednesday, October 25th. Finally, Barclays set a $10.00 price target on shares of Superior Energy Services and gave the stock a “hold” rating in a report on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $12.50.

Superior Energy Services (SPN) traded up $0.48 during trading hours on Thursday, hitting $10.59. 3,010,800 shares of the stock traded hands, compared to its average volume of 2,721,850. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.64 and a current ratio of 1.99. The stock has a market cap of $1,547.67, a price-to-earnings ratio of -3.77 and a beta of 2.16. Superior Energy Services has a 52-week low of $7.66 and a 52-week high of $19.08.

Superior Energy Services (NYSE:SPN) last posted its earnings results on Monday, October 23rd. The oil and gas company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.01). The firm had revenue of $506.00 million for the quarter, compared to analysts’ expectations of $511.23 million. Superior Energy Services had a negative net margin of 24.59% and a negative return on equity of 26.18%. Superior Energy Services’s revenue for the quarter was up 55.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.73) earnings per share. equities research analysts forecast that Superior Energy Services will post -1.63 EPS for the current year.

In related news, Director Peter D. Kinnear purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average price of $8.52 per share, with a total value of $170,400.00. Following the acquisition, the director now owns 64,607 shares in the company, valued at $550,451.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.91% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank boosted its stake in Superior Energy Services by 0.8% during the 2nd quarter. Comerica Bank now owns 130,803 shares of the oil and gas company’s stock worth $1,366,000 after purchasing an additional 992 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Superior Energy Services by 8.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 17,109 shares of the oil and gas company’s stock worth $178,000 after purchasing an additional 1,289 shares during the last quarter. Broadview Advisors LLC boosted its stake in Superior Energy Services by 0.6% during the 2nd quarter. Broadview Advisors LLC now owns 266,924 shares of the oil and gas company’s stock worth $2,784,000 after purchasing an additional 1,700 shares during the last quarter. Thrivent Financial For Lutherans boosted its stake in Superior Energy Services by 8.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 30,970 shares of the oil and gas company’s stock worth $323,000 after purchasing an additional 2,480 shares during the last quarter. Finally, AMG National Trust Bank boosted its stake in Superior Energy Services by 8.4% during the 2nd quarter. AMG National Trust Bank now owns 46,195 shares of the oil and gas company’s stock worth $482,000 after purchasing an additional 3,576 shares during the last quarter.

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